TEL AVIV, Israel, June 06, 2024 (GLOBE NEWSWIRE) -- Gauzy Ltd. (NASDAQ:GAUZ) ("Gauzy" or the "Company"), a global leader in vision and light control solutions, announced today the pricing of its initial public offering of 4,411,765 of its ordinary shares at a public offering price of $17.00 per share for aggregate gross proceeds of $75 million, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted to the underwriters a 30-day option to purchase up to an additional 661,765 of its ordinary shares from Gauzy at the public offering price less underwriting discounts and other offering expenses. Gauzy's ordinary shares are expected to begin trading on the Nasdaq Global Market under the symbol "GAUZ" on June 6, 2024. The offering is expected to close on or about June 7, 2024, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds it receives from the offering for the purchase of equipment and materials for the expansion of its production lines, research and development, advertising and marketing, payment of a second earn out payment, working capital, including bonus payments to officers, employees and consultants payable upon the closing of this offering and other general corporate purposes. Barclays is acting as lead book-running manager for the offering. TD Cowen and Stifel are acting as book-running managers for the offering. B. Riley Securities is acting as passive bookrunner for the offering. Beech Hill Securities is acting as co-manager for the offering. The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, related to the offering may be obtained from: Barclays Capital Inc., c/o Broadridge ...